Margarida Correia

Married Baby Boomers are much more likely to have retirement savings and a retirement goal than their single friends.

Only 11% of households cite referrals as the reason for beginning relationships with advisors, according to Cerulli Associates.

In a survey of 303 finance executives, 57% were more optimistic than last year about the 12-month outlook for their companies’ performance.

Since it launched the program in January 2007, the New Jersey community bank has accumulated $96 million in AUM, and it’s on track to hit $100 million in the next couple of months.

For the fourth week in row, equity funds gained assets. Of the $8.18 billion, $3.52 billion went into funds that invest in U.S. stocks.

A growing number of the nation’s wealthiest individuals are seeking advice on moving their funds and themselves not only across state lines but across national borders as fears grow over the direction of U.S. tax policy.

In 2010, pre-retirees had $6.1 trillion in investable retirement assets. Retirees had $5.9 trillion. By 2020, that’s expected to swell to $10.2 trillion and $11.4 trillion, respectively, according to LIMRA.

Luke Palacio will join Citi Private Bank as managing director and regional market manager for the South East region on March 18. He will look to expand the firm’s presence throughout South Florida beyond Miami, Boca Raton and Palm Beach.

The Naples office of The Private Client Reserve is expanding its services, adding new advisors and relocating to a larger office space in the upscale neighborhood of Mercato.

Nearly half (47%) of adult children say their parents never made any financial mistakes. Meanwhile, their parents were quick to point out their children’s financial missteps.

Less than half of Gen X consumers (46%) selected retirement as their top reason for saving, with vacation and travel the top choice for 38% of this demographic group.

Umpqua Bank, a community bank based in Roseburg, Ore., will expand its private banking business into Seattle and San Francisco, where it believes its “high-touch banking products and investment services” will be a good fit.

In the fourth quarter, fees and commissions from trust services generated $22.0 million, a 23% increase from $17.9 million a year earlier.

Stock funds took in an estimated $6.35 billion in inflows for the week that ended Jan. 23, down 31% from the $9.2 billion they took in a week earlier. Still, the inflow is almost twice as large as a year earlier.

Of the adults who believed their parents set good financial examples, 66% said they had a financial plan and 71% said they felt confident in their financial future.

North America led the rise in global confidence, jumping 7.8 points to 86.3.

In 2012, revenue from wealth management services reached $29.8 million, a 37.5% increase from 2011.

Where would a successful trader invest a hypothetical $100,000 windfall? In energy, information technology and utilities, according to Fidelity Investments’ inaugural survey of its top online traders. The survey polled customers who made at least 36 trades over the past 12 months and whose total portfolio performance during this time was at least 20%. …

For the week ended Jan. 16, equity mutual funds attracted an estimated $9.32 billion in inflows, down from the previous week’s huge $14.33 billion inflow but nearly three times greater than last year’s record $3.52 billion inflow in early February.

The transaction involves approximately 3,000 accounts and $1.7 billion in assets under administration, which represent non-target business for Citi Private Bank’s trust business.